US Senate approves deal on 'fiscal cliff' crisis

Published: 1 Jan 2013 at 16.16
Online news:

Washington - The White House and top Republicans struck a dramatic deal to avert huge New Year tax hikes and postpone automatic spending cuts that had threatened to send the US economy into recession.

After months of agonising over the crisis, weeks of debate about a possible solution, and days of intense, closed-door negotiations, members of the US Senate voted overwhelmingly 89-8 early Tuesday to pass a controversial bill that averts the so-called "fiscal cliff".

It now goes to the House of Representatives, which could hold a vote on the measure later New Year's Day.

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genii
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Discussion 4 : 01 Jan 2013 at 20.334
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Only the taxpayers have money and because of them the country has had a huge line of credit which unfortunenately the politicans have abused for years and years. At what point do they stop borrowing money and placing the citizens into deeper and deeper debt. Next the credit rating will go lower. It is time to stop spending, cut programs and get the debt under control at any cost but put a stop to these out of control politicans.
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lookmoo
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Discussion 3 : 01 Jan 2013 at 19.523
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The primarily aim with this deal was to stop the computers from balancing the budget in a very drastic way (like in Greece). It fixed nothing and will only postpone or/and make it harder for future generations..

The fact is that USA is beyond the point of no return.
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dao
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Discussion 2 : 01 Jan 2013 at 18.412
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America can face its credit problems now or later but the problem will just get bigger and harder to solve or maybe the plan is just not to solve it but just not pay .
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boons
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Discussion 1 : 01 Jan 2013 at 17.241
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Poor idiotic Americans were faced with two choices: Cut up the credit card and feel austerity today. Or charge up a brand new credit card, and let their children feel worse austerity tomorrow.

They chose option #2.

It's always easier to "feel" rich today, even though anyone with an ounce of common sense knows that the pain tomorrow will feel much worse.

...Much like a certain government in Thailand which thinks only about "today".
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US Senate approves deal on 'fiscal cliff' crisis | Bangkok Post: business